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Federal Acquisition Regulation - GovITwiki


Federal Acquisition Regulation

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The Federal Acquisition Regulation (FAR) is the principal set of rules in the Federal Acquisition Regulations System. That system consists of sets of regulations issued by agencies of the Federal government of the United States to govern what is called the "acquisition process," which is the process through which the government purchases ("acquires") goods and services. That process consists of three phases: (1) need recognition and acquisition planning, (2) contract formation, and (3) contract administration. The FAR System regulates the activities of government personnel in carrying out that process. It does not regulate the purchasing activities of private sector firms, except to the extent that parts of it are incorporated into government solicitations and contracts by reference.

The FAR is codified in Title 48 of the United States Code of Federal Regulations. It is issued pursuant to the Office of Federal Procurement Policy Act of 1974 (Pub. L. 93-400 and Title 41 of the United States Code), Chapter 7. Statutory authority to issue and maintain the FAR resides with the Secretary of Defense, the Administrator of General Services, and the Administrator, National Aeronautics and Space Administration.


You can read the full FAR documents (2005 version) here:

FAR Volume I (Parts 1 to 51)  (.pdf file, over 1,100 pages)

FAR Volume II (Parts 52, 53 and Index)  (.pdf file, over 773 pages)


2008 Addition

In the final weeks of 2007, the federal government amended the Federal Acquisition Regulation (“FAR”) to impose new compliance obligations on government contractors. Under the new FAR rule, which became effective on December 24, 2007, contractors must adopt written codes of conduct and implement internal compliance control systems. In addition, the government is also considering a further amendment to the FAR, which would subject contractors to mandatory disclosure requirements and compel “full cooperation” with government investigators.


Links

Government contractors face new compliance obligations and potential mandatory disclosure requirements. (Nixon Peabody Paper)


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